With the three Baltic countries yet again failing to find a common position, Lithuania is considering carrying out a key strategic energy project for synchronizing the power grid with the Western European system without Latvia and Estonia.
The current development of world energy is affected by a number of differently directed factors: the depletion of some traditional deposits and the development of new, sometimes more difficult-to-reach oil shale or heavy oil deposits, efforts to build capacities for the production of liquefied natural gas (LNG) and to provide transportation infrastructure. It is necessary to spend considerable funds on the development of renewable energy sources (RES), on improving technologies for extraction and processing of resources. This is taking place with the aggravation of the political situation and outbreaks of military operations in the Middle East region, which accounts for about 43% of the world's oil production. All this causes a divergence of supply and demand, a depressive state of prices, affects the structure of the existing commodity flows and their filling.
Nowadays diplomacy appears as the sole path to stop global crisis, further military confrontations and perhaps a possible nuclear war.
Turkmenistan is preparing a project for the construction of a new gas chemical complex near the Kiyanly village of the country’s Balkan region.
BP has resumed production of natural gas at the biggest gas condensate field Shah Deniz in the Azerbaijani sector of the Caspian Sea that was stopped earlier due to maintenance work at the platform, Tamam Bayatly, communications manager of the BP Azerbaijan Communication and External Affairs Department.
The International Atomic Energy Agency (IAEA) supported by the Kazakh government opened Aug. 29 its first-ever Low Enriched Uranium (LEU) Bank in Kazakhstan. The $150 million facility will help ensure a steady supply of low enriched uranium for countries’ nuclear power programmes.
Turkey had increased gas import from Iran by 56.53 percent to 751.18 million cubic meters in May, year-on-year.
The Central Asian states are putting aside longstanding differences for several reasons, Kenneth Katzman, a senior analyst at the Congressional Research Service, commenting on the rapprochement of Uzbekistan and Kyrgyzstan.
Europe may accelerate financing of the projects of the Southern Gas Corridor in connection with the new US sanctions imposed on Russia.
Amid the recent row between Iran and the US over new sanctions, an Iranian expert believes that the presence of oil giants such as Total and Shell on Iran's market has political significance.